Waterstone Financial (NASDAQ:WSBF) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Waterstone Financial, Inc. (NASDAQ:WSBF)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.00 and traded as high as $15.36. Waterstone Financial shares last traded at $15.26, with a volume of 41,565 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Waterstone Financial in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Waterstone Financial presently has a consensus rating of “Hold”.

Waterstone Financial Stock Performance

The business has a 50 day simple moving average of $15.17 and a 200-day simple moving average of $14.01. The firm has a market capitalization of $285.04 million, a price-to-earnings ratio of 11.47 and a beta of 0.81.

Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter. Waterstone Financial had a net margin of 12.08% and a return on equity of 7.02%. The firm had revenue of $37.04 million during the quarter.

Waterstone Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Wednesday, October 8th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.9%. Waterstone Financial’s dividend payout ratio (DPR) is currently 45.11%.

Insider Buying and Selling

In related news, Director Michael L. Hansen sold 109,527 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $14.05, for a total value of $1,538,854.35. Following the completion of the transaction, the director directly owned 1,541 shares in the company, valued at approximately $21,651.05. This represents a 98.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 228,987 shares of company stock valued at $3,302,359 in the last 90 days. Corporate insiders own 7.40% of the company’s stock.

Hedge Funds Weigh In On Waterstone Financial

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in Waterstone Financial by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 77,942 shares of the savings and loans company’s stock worth $1,048,000 after buying an additional 1,195 shares during the period. Strs Ohio acquired a new position in shares of Waterstone Financial in the 1st quarter worth approximately $476,000. American Century Companies Inc. boosted its position in shares of Waterstone Financial by 0.8% during the 1st quarter. American Century Companies Inc. now owns 154,347 shares of the savings and loans company’s stock worth $2,076,000 after purchasing an additional 1,206 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Waterstone Financial during the 1st quarter worth approximately $204,000. Finally, Russell Investments Group Ltd. increased its holdings in Waterstone Financial by 297.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,187 shares of the savings and loans company’s stock valued at $43,000 after purchasing an additional 2,385 shares during the last quarter. 62.71% of the stock is currently owned by hedge funds and other institutional investors.

Waterstone Financial Company Profile

Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposits, individual retirement accounts, and certificates of deposit; residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; and fixed and variable annuities, insurance products, and trust and investment management accounts.